Wednesday, April 24News That Matters

Day: 27 March 2014

e-Gold by National Spot Exchange (NSEL) – Benefits, Buying Process, Charges & Tax aspects

News
All Trading on NSEL is currently suspended. NSEL went bust in July 2013  after two dozen counterparties declared their inability to settle payments amounting to Rs 5,600 crore to more than 13,000 investors. UPDATE - 27  Mar 2014 NSEL is grappling with a payment crisis for settling dues worth Rs. 5,600 crore after it suspend trading activities in July 2013  following a government directive. The Forward Markets Commission (FMC) on Mar 27 2014 allowed scam-hit National Spot Exchange Ltd (NSEL) to convert e-series gold contracts into physical form - a move that would benefit 33,000 investors. --------------------------- Previously we discussed the benefits of trading / investing in electronic form of Gold (Gold ETF, Gold Funds etc) over buying physical gold, coins, jewellery etc. In this post...

List of banks registered with TRACES for providing view of Tax Credit Statement (Form 26AS)

Taxation
See my previous Post on - How to check Form 26AS  (Tax credit Statement) List of banks registered with TRACES for providing view of Tax Credit Statement (Form 26AS) are as below       1. Allahabad Bank       2. Andhra Bank       3. Axis Bank Limited       4. Bank of Baroda       5. Bank of India       6. Bank of Maharashtra       7. Canara Bank       8. Central Bank of India       9. Citibank N.A.        10. City Union Bank Limited    11. Corporation Bank    12. Dena Bank     13. HDFC Bank Limited     14. ICICI Bank Limited     15. IDBI Bank Limited 16. Indian Overseas Bank 17. Indian Bank 18. Karnataka Bank Limited 19. Kotak Mahindra Bank Limited 20. Oriental Bank of Commerce 21. Punjab National Bank   22. State Bank of Bikaner & Jaipur   23. State Bank of Hyderabad 24. State B...